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is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since t
prices. we'll go in focus with steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thest thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is natural gas there. it is 63 cents compared to $53. that is not a pay off to me. >> i will have to disagree with rick. last time wind energy had any impact was in the century. we have moved in oil and natural gas. but let's get rid of subsidies and let them sink or swim. wind energy will sink and we'll be better off. it is behathe s
are not just going to go over the fiscal cliff? we heard tim geithner on this program yesterday when steve asked him, look f you don't get what you want, do we go over the fiscal cliff? he said absolutely. >> he said he would do it! >> what happens when we wake up january nd, we go over the cliff, and the world doesn't end? >> that is so irresponsible. >> you have to be a long-term investor. long-term stocks have outperformed bonds. >> with all do respect, george, are you one of those come play september investors larry is referring to? >> i'd say we're opposite of that. we never take anything for granted, but we bet accordingac. bonds are trouble. a lot of people are going to lose a lot of money in bonds. you have to be prepared for that. interest rates are going to go up. dividends are going to continue to increase. the economy in this country is strong. it's going to get stronger. >> even at 44% dividend tax? >> it's not going to go that high. >> if we go over the fiscal cliff, it does go that high. it goes to 44%. >> no, no. don't think the worst. >> less than a month, it goes there. >
. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
and a libertarian conference in las vegas, steve forbes, former republican candidate, chaired and "forbes" media. mr. forbes discusses his book, "freedom manifesto," a follow-up to his book "how capitalism will save us." >> now joining us on booktv is magazine publisher, politician and frequent author, steve forbes, whose newest book is coming out in august of 2012 and it's called "freedom manifesto: why free markets are moral and big government isn't." we are at freedom fest in las vegas, where mr. forbes is speaking. mr. forbes, why is that free markets are moreover, but that government isn't. with an example of that? >> remake the emphasis of big government. going back to it james madison defined. but in terms of big government not being moral, it is the opposite of what it purports to do and creates an environment we have less ability to get ahead increased dependency and not a sense of independence. it plessis crony capitalism, which hurts oil entrepreneurship and creativity. all the things the government says it does hopes the poor to make sure the markets: the right direction. they do the op
than 13% for the week. it broke above its moving average. steve cullen, is he being punished for his success. illegal insider trading ran rampant inside his giant hedge fund. charlie gasparino has the latest. charlie: let me get you and amazing statistic. they returned 25.5% after expenses since 1996. warren buffett, berkshire hathaway, 8.64%. steve cohen does it with a lot of volatility. that is why i am telling you the feds are after him. here is what i know about this investigation. what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathemati
first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet the press that republicans will accept the president's plan to raise income taxes. >> what we're trying to do is make it more likely we come together on a good agreement for the american people that extends t
in 1967, where i met steve schneider who was a student at that time. and, if i could just say a couple words about steve, it's kind of -- it's ironic that i'm getting the steve schneider award because we could not have been more opposite. [laughter] he had the gift of gab, you know, he's so articulate as a student and as a postdoc. so when i -- then i went off to the netherlands where i met my wife, who -- then i came -- who eventually became my wife, but i -- when i came back to the institute for space studies, steve was in a postdoc at the institute. and, as i say, we couldn't have been more opposite. he -- as i was this tactiturn midwest scientist who wanted to do the numbers and do my science and not talk about it, but he would come to my door, he would be in the door of my office and talking to me and, eventually, i would turn around and be working on my desk and he -- somehow, he couldn't take the hint. [laughter] but when anniek who was then my girlfriend, would visit me, then she would see that, well, i really didn't want to talk to steve. so she would talk to him, and that was
writer steve moore also joins the panel. so, steve, this is really an interesting story that i don't think gets enough attention. >> i agree. >> paul: the reforms taking place across the country in a lot of states. who are the stars you're looking at? >> i entirely agreement with your premise, paul. if you look at, talk about the demise of the republicans on the national levels we're not seeing that on the state level. there are 30 republican governors today in america, the republicans actually picked up a governorship in north carolina so that south now is almost entirely republican, whereas just 25 years ago, it was pretty entirely democratic. and it's not just the south. states like-- >> what are they doing with that power, that's the interesting thing. >> so, they have the power and they are actually using it, af got states like kansas, and florida that have been cutting taxes aggressively to promote jobs. you've got a lot of the states in the mountain states that are republican, where they're aggressively promoting pro energy drilling policies to get at the national resources
the heat of the sun in hawaii going to the heat in washington. steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the day's top worst performing sectors i should say. new home sales surging to strongest level in more than two years. sales jumping 4.4% from october to an annual rate of 377,000, more good signs that that housing sector much needed to improve the rest of the economy is finally getting a boost. and the number of americans filing new applications for unemployment aid falling to its lowest level in nearly four and a half years. initial claims dropping 12,000 to a seasonally adjusted 350,000 the week prior was revised up by a thousand. da
to union city. that traffic is going to be a little bit slow now as you head south. let's go to steve. >>> a very good morning. a little breeze. that's an offshore wind. downtown oakland is 59 -- excuse me. downtown oakland is 60. the airport is 59. there's some areas up in mendocino county, lake county. for some it's mild to warm. for others, cold and patchy. >>> today, sunshine -- >> today, sunshine, lane comes in late, late tus -- late late tuesday, early wednesday. it won't be a lot of rain. nothing like we had a week ago. that's for sure. the cold air is on its way. today, cool, clear, patchy fog. cold to warm. sunny, mild to warm, breezy to windy. some of the higher elevations. a nice weekend and gives way to a nice monday and most, i think about half of tuesday. it's a dry pattern until wednesday and maybe even some low snow levels by the way as we get toward wednesday night. fair field, 30s, santa rosa. oakland, 59 at the airport. dipping below 50 at hayward. oakland/berkeley coming 0 the hills, it's a wind. the gulf alaska is coming into the picture it will be coming right a
to take from me -- >> you are a good man, steve. >> when a $9 billion company, you know what we are capable of. do you? >> rose: joining me now is the director gus van sant and the movie cowriters and starts, john i can'i can't sin krakinski andt dayton, i am pleased to have them here to talk about this movie. tell me how it began. >> i had the idea about two years ago to do a movie about american identity .. and my dad grew up in a small steel mill town just outside of pittsburgh and the way he talked about his growing up, his dad had three jobs and he didn't have a lot, i an ignorant child i said your childhood was awful? >> no, it was fantastic, we had family, friends and community and the belief tomorrow would be a better day, i feel we have moved so far away from that, i want to tell the story about these communities being affected although the noise from the, so practicing became a perfect backdrop to the issue of these people going through a complicated decision and i brought that idea to matt and he was looking at the director at the time and we were off and running. >>
moscow now is steve rosenberg. steve, you said he'd do it, he's done it. >> that's right, david. there's been one question that has dominated political life in moscow the last few days and that is will he or won't he? will president putin sign what is one of the most controversial laws he's been face with. yesterday he indicated he probably would and today he signed it. as you mentioned it has been very controversial because a number of ministers in his own government, including the russian foreign minister have publicly criticized the law and president putin's critics have accused him of playing politics with russian children. >> criticized it on humanitarian grounds. >> yes, absolutely. it's interesting to note that the bill we're talking about, the law we're talking about is wider than simply banning adoptions. it's russia's retaliation for the act that bans russians officials suspected of human rights violations from getting u.s. visa's and freezes their assets. so this bans u.s. officials from coming to russia, u.s. officials who have committed abuses and crimes against russian ci
economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms taking place across the country in a>> lot of states. who are the stars you are looking at? >> i entirely agree with your premise, paul. if you talk about the demise of the republicans on the national level, we are not really seeing that on the state level. 30 republican governors today in america. the republicans actually picked up a governorship in north carolina. so the south now is almost entirely republican whereas justen 25 years ago it was pretty entirely democratic. it is not just the south. states like utah and idaho and others. >> what are they doing with that power? that's the interesting thing. >> so they have the power, and they are using it. you have states like kansas and florida that have been cutting taxes aggressively to promote jobs. you have a lot of the states in the mountain states that are republican and are aggressively promoting pro energyer drilling policies to get at the pir natural resources. and the big story you ment
or let it fail and let it lose perhaps a million jobs. car czar steve ratner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week mentioned a number of sensible gun control measures. but he also paid homage to the conventional washington wisdom from mental health issues to school safety. his spokesman jay carney said earlier this is a complex problem that will require complex solution. gun control carney from the only answer. let me respectfully disagree. the problem is not complex and the solution is blindingly obvious. there are three sets of causes that people point to when talking about events like the one in newtown. first, the psychologist of the killer. second, the environment of violence in our culture. third, the easy access to guns. each of these might explain any single event, but what we should be trying to understan
negotiations and of course he of before he was senator he was a governor. then steve is the co-founder of america online. is a rabid twitter. i feel like i know every detail of your life. and a relentless of entrepreneurship. we're very fortunate to have these three panelistings. they get five to seven minutes -- there will be a little time left. five to seven minutes to discuss the topic and we're going have a discussion among us then we will open it up to you and hopefully, we will get to all of your comments and questions. >> i'm delighted to be here this evening because i think the topics is important. this conference also recognizes mark kaplan who is that i am pleased to speak in behalf of tonight. we're looking tonight at immigration policies and how they affect our eighty to attract high-skilled immigrants. engineers and entrepreneurs who contribute to innovation. because universities and colleges are in the talent business. we're in a global competition for talent. all yustses, but particularly research university, are competing to get the best and brightest. if immigr
of investing. carlisle's david rubenstein, steve shoresman blackstone, venture capital's marc andreesson, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before t
presidential candidate howard dean, steve moore of the "wall street journal" editorial board, author of "return to prosperity." steve, i begin with you. we have from the "wall street journal" editorial page costco's dividend ta dividend as tax epiphany. taxes matter, steve. even though there are a lot of people in this world who think not. >> they matter a whole hell of a lot. it was very predictable these companies would be starting to pay deluges of dividends now. if you pay them now your shareholders only pay 15%. if you wait six weeks they have to pay as high as 40, 42, 45% depending on where that rate ends up. so taxes do matter. it's affecting behavior. let me sayhist my good friend howard dinos this, laimplarry. when he was a governor he cut taxes not raised them to make his state more productive. you should be advising this president not to raise those rates. >> steve i was hoping to get some help from you. you know very well, one of the things we can both agree on the deficit is out of control. >> that's for sure. >> you know as well as i do that the best deal for deficit hawks, leavin
the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a little more in taxes and not just the upper income. both sides of that coming up here. >> and also just ahead, the ceo of a tech company says he may be forced to cut jobs because of washington's fiscal follies. he's going to be here. he's going to explain how bad it will be, not just for him, but for other companies as well. >> and then later a retail boom on main street and wall street. with just two weeks to go until christmas, we'll tell you
statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially
expressing his dismay saying in part and i quote... >> eliot: joining me now is steve clemons editor at large of the atlantic and founder of the new america foundation program and joe cirincione, president of plowing shares fund and a member of hillary clinton's security advisory board. thank you both for joining us this evening. >> thanks for having us on. >> eliot: steve let me start with you. after the way the president had reinforced susan rice, not only saying an attack on her is an attack on me at a press conference the scripted applause and his statements about her at a cabinet meeting just recently, this seems like such a sharp u-turn and you heard me say a few moments ago seems as though the president caved. am i wrong about that? what do you understand to be going on here? >> well, i think it was. i think susan described it accurately. she's a very capable and competent woman who would have, i think done a great job as secretary of state. that said, it is a distraction. it has been a distraction. when
. first, steve cook, our gold prize winner. senior fellow for middle eastern studies at the council on foreign relations. i take great pride in mentioning when he was much younger, steve was a research fellow here at the washington institute and we're very proud of steve venezuela professional accomplishments from that period up until today. very happy to have you back at this podiums steve. speaking second will be ache trader. eric is the washington instate's next generation fellow, a doctoral candidate at the university of pennsylvania, where he is completing a dissirte addition on egypt's muslim brotherhood and is going to give us special insight into the details of mohammad morsi, the muslim brotherhood and the quest to achieve a constitution. then, third, i am pleased to introduce and regretably to say farewell to ambassador cohen, he is the inaugural diplomat in's at the institute, and ambassador cohen served as israel's ambassador in egypt from 2005 to 2010 and has an on theground perspective and experience with the politics we're seeing on the ground in egypt today. so, firs
in stocks. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the opening bell on a tuesday morning. have a look at the s&p at the top of your screen. over at the nasdaq, northwest biotherapeutics on immunotherapy products. lots to watch today. i think we're getting comments slowly out of speaker boehner, which we'll get to in a moment. >> look, a little bit. still some activity before the official end of all activity whatsoever as we head into the christmas holiday. so arbitron up sharply. some people thought they were one company, but they are not. neilsen is a company that has large private equity owners at this time as well making that about $1.2 billion transaction. >> neilsen sha
on the deal, we're joined by virgin atlantic ceo steve ridgeway. steve, welcome to the program, thank you for coming on. >> hello, good afternoon. melissa: how will customers and shareholders know the difference or notice the difference now that we are seeing this portion of the company over to delta, what will feel different? >> i think we are a very strong airline. we started the heritage. delta likewise. delta has a huge presence in the u.s. but putting operations and schedules together, we have to get a deal approved which is obviously delta buying singapore's stake. and then we would create a joint venture across the north atlantic with antitrust abuse. we can coordinate our schedules and make sure we can bring together a bigger network for our customers and potential customers to fly on. it is very positive news with two good airlines coming together. really offering more choices to consumers. melissa: what do you make in choice? how dull the pain 360 million. quite a difference, what do you make of that? >> i think yes, it certainly is. it is the reality of the world we live in. th
: and we're also going to be talking with the ceo and president of choice hotels, this is steve joyce. steve is going to be talking about their expansion right here in the u.s. including a three-star, upscale hotel. they had been focusing on the lower scale hotels. will that hurt their brand, or might it increase it? we'll be asking him. liz: first, what drove the markets in today's data download. stocks closing higher after struggling for direction early on with the dow crossing the flat line 25 times. all three major indices did post gains. technology had to be, right? was one of the best performers along with consumer discretionary. today's top performing sectors, health care and utilities, well, they did lag. the number of americans filing new applications for unemployment benefits falling for a third straight week as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 fr
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
connecting with consumers. >> a branding and advertisingme. steve welcome to the program. >> you were the among the firsto corporate america. what opportunity lie in that bridge. >> well i learned very earlyfroy that there was tremendous affinity amongst young adults and they would gather from different back grounds and graces and rewill i g religionsd music they would all come together. i felt it would be like a very good platform for fortune 500 companies to market their products. >> what greeting did you havewht gap? greeting? well it was tough in the beginning, tom. you are basically trying to get a company of a large organization who was used to marketing a certain way to deal with a shipment. shipment -- shift. a cultural shift. my biggest allies was when these ceo's had teenagers in their household. the teenagers would be list ening to music or partaking in something that the parents didn't ugs and the ugs ug underd an affinity for. it was a lot of corporations that were suffering because they could not get the next generation to adapt and partake in their product offering. >>
former treasury official and "morning joe" economic analyst, steve rattner. >> financier. >> rattner is here. i like -- and we have to go back to that. it's the truth. >> it is! >> money is money. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times
? >> one thing that steve schneider always emphasized to students is that if is worth thinking about the matter for which apply to climate change. coral harbour is one which is an urgent one. but certainly apartheid or civil-rights movement were things that are every bit as urgent where the time skills are much longer and the accuracy takes on how you talk to people. >> i think we can learn a lot from the past. look at the issue of slavery. we were the bad guys than also. it was the foundation of the economy. people were making the same argument at them. it was not so bad. it would destroy the economy if we got rid of it. i think people have a lot to learn. there are many examples we can build on from the past year -- in the past. admitting that we have a problem is the first step. >> slavery -- abolishing slavery did not room economy. -- did not ruin the economy. >> right. >> nobody objects to a medical researcher over what we need to do to save lives. that when a clear researcher says what we have to do to save lives, people get upset. >> one of the things that i tried to stress in
congress. hear remarks from republican congressman jim jordan and steve scalise on the future of the conservative movement. they'll be speaking 3:30 eastern right here on c-span. >> belittle me. strangle me. >> he's not safe on that bus. >> i've been on that bus. they are just as good as gold. >> as all of us i think in this country, we're starting to see people coming out and talking about their experience of this if he none none that so many of us -- phenomenon that so many of us experienced one way or another and had no words for other than adolescence, other than growing up. finally people will starting to stand back and say, hold on. this isn't actually a normal part of growing up. this isn't a normal rite of passage. i think there was a moment where there was a possibility for change. and director lee hersch and i started that film out of the feeling that voices were kind of bubbling up, coming up to the surface to say this isn't something that we can accept any more as a normal part of our culture. >> filmmaker cynthia lowen gathered essayed and personal stories today i
the new constitution that morsi's allies in the constituent assembly rushed through. >> steve, what is the army's role in all of this. that's the piece people don't understand. you have morsi, muslim brotherhood and others behind this constitution. liberals, secularists opposing it. where does the army stand? >> the military has essentially removed itself from the political system. the new military leadership that came into power in mid-august as a result of morsi's declarations have a deal with him. they were relieved of the burden of having to govern egypt. removing themselves from the political system is more in keeping with the history of the egypt armed forces since the 1967 defeat when they determined being a political army was not good for their organization and their ability to fight a war on the battlefield. >> when you look at the struggle, is it first of all essentially the islamist versus the secularist, and is it fair to say as everybody does the islamists have greater appeal, they're better organized, they're going to win this? >> i think it is, right now there are bas
. >> steve galio was there. >> yeah. it was a pretty interesting day. but i think his comments moved some people, too. >> did we broadcast ray dalion? >> i don't know if we broadcast him live. we should grab some clips and play them on squawk. >> dino, did you have something? >> i think you're on track in terms of the economy. the economy is weak. >> should i be wishing things just bottomed on their own so that we could start policing -- >> i mean, you know, what will be great would be a surge in productivity. you know, a surge of demands externally. >> i can't get here any earlier. we're here at 3:30 in the morning. >> you know, can this economy be more productive? >> go to bed at 8:00. >> can that happen? can we get a surge of external demand? and those things are unlikely or can't be predicted. >> andrew got in earlier today than ever. >> i did. i was coming from the concert last night. no, i wasn't. let's check out the situation in crude today. 86. we're used to that now, too. it's like, okay, 86 is fine. the ten-year, and this, when we used to go and see greenspan down in washington,
steve israel, congressman from new york. plus, we'll also be talking more about what's at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the s
about the outlook for economy and housing. steve liesman sat down with jeffrey this morning to get his take on the state of the economy and where it might be headed in 2013. joined by steve with fascinating highlight from that. >> thank you, sue. subdued inflation of 1.8%. was he important part lacquer's estimate it would take get to 6.5% o unemployment. you remember, lacquer desentd -- excuse me, what was that? dehe is noted from the meeting. explained this descent. >> it should be clear that this committee is straining. to provide as much stimulus as possible without endangering our price stability. my worry and the reason i descented on this and asset purchases, is that we seem to be test the very limits of that credibility. >> he would prefer -- he upported the dropping of the calendar date but wanted unemployment and labor market to e described in much mor terms rather than quantitative terms. he also suggested that the to be not e needs just for the short term but long-term. charlotte the launchon commerce where we are here, he said cannot assumer spending on the 6% year on ye
or create shareholder value? coming up. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and bei ready, no matterhat happens, which isn't rocket science. it's just common sense, from td ameritrade. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese..... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, e doctor recommended gaviscon®. only gaviscon® forms a prottive barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they sh
'll do more work and come back. let's go to steve in new york please steve >> caller: greetings jim from the beautiful finger lakes of central new york. >> i love the finger lakes. what's going on? >> caller: two-part question for liberty brands. it looks like the revenue numbers are finally catching up with the same store sale numbers as evidenced this past month. the stock has been in a trading range 45 to 49 for several months. today it closed at 52.15. is this the breakout we've been waiting for? >> i'm going to say yes. no one had a good month in november except for amazon and euro play and limited. if you have have a good month of november when a lot of businesses were shut down because of sandy, who knows what could happen during the closer we get holiday season period like right now. limiteds for me for you. what the heck was up with office max? i thought it would be left for dead but it's coming back to life. the company has some things going for it. if you're looking to get in, you'll see some senator or congressman say -- >> coming up send cramer an e-mail to mad money.com. or
'm becky quick along with joe kernen and steve liesman. the november jobs report is now just about 150 minutes away. count do countdown is on. the economy probably added about 80,000 jobs last month. reuters consensus is a little higher at 93,000. the unemployment rate expected to hold steady at 7.9% and economists say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei
today, and what is next is the big question. steve harrigan is streaming live from cairo with more. steve. >> reporter: we are ten days away from a admonition thal vote, a vote on the new draft constitution. we are seeing both sides really jocking for position and trying to demonstrate what power they have by the numbers of people they can bring out into the streets. yesterday for the first time last night we saw the opposition protestors, people who want to drive president morsi from office really go on the offensive. they marched through the presidential palace. they broke through steel gates and barbed wire, they painted graffiti on the walls of the compound. they did not try to over take those walls go into the compound itself where of course there are heavily armed guards. police continued to retreat throughout the demonstration last night and even though it seemed like there was chaos on the streets there were no reports of any serious injuries during that process, so both sides still showing some restraint. the latest reports from the scene say large-scale protests from supp
to tim cook about continuing the legacy of steve jobs. plus chinese insurer picc put some spark back into the dismal, the big potential in the insurance. plenty more to come. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> we continue to monitor reaction to the earthquake and tsunami wave in japan right now. miyagi northern prefecture region. and we got a clarification from one of the plants. tokyo whether he can power saying workers instead of evacuating completely, the plant saying they have now reached a position inside the plant, they didn't evacuate. so they just made sure the workers have gone into a safe position. we'll keep monitoring events and any reports we get out. meanwhile, with germany's dax closing near five year highs, is it time for a rerating of european equities? highest close since january 2008. up 28% for the year, giles. and here we are with the bundesban
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